🔥🎯 4.75% SUBTO Reading St SE, Palm Bay, FL

🏠 Property Info

• 3 bed 2 Bath 
• 1504 sq ft 
• 10,018 Lot Size 
• 2022 build

💰 Deal Breakdown

• Mortgage Balance: $272,904
• Loan Type: FHA 
• Interest Rate: 4.75%
• Principle: $379.52
• Interests: $1,080
• Escrow: $296.34 
• PITI: $1,756.10 
• Loan Maturity Date: 05/01/2052
• NO HOA!!!!

📈 Seller Carry Back Information 

• Loan Amount: $15,000 
• 10 year Balloon
• Amount Due in 10 years: $15,000
• Monthly Payment: 0 

➡️ Exit Strategies 

• LTR: $2,200 
• MTR: $3,500 
• STR: $3,900 

🎯 Entry Fee

• Cash to Seller: $8,774 
• Cash to Agent: $8,225
• Assignment Fee: $7,500 
• Entry Fee: $25,000 + CC/CTC Fee

⛔️ ADDITIONAL TERMS:

• $3,000 for escrow shortage due by the end of each year. OR addtl $250 each month on top of monthly PITI

Closing date: 2/5/2024

Non-refundable EMD: $5,000

Seller motivation: Sellers moving out of state for work